Revealed: Luxurious Dubai penthouse sells for record-breaking $136.2mn – Arabian Business

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The Como Residences Penthouse by Dubai real estate developer Nakheel sold for $136.2 million (AED500 million), becoming the most expensive property ever sold in the emirate.

The sale of the Palm Jumeirah-based 21,949 square foot penthouse brings the total value of real estate transactions on the Como Residences project to over $500 million. With access to residents via private elevator, the premium property promises an unmatched luxury lifestyle experience upon completion in 2027.

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The 71-story building is being built as part of a collaboration between Benjelloun Pipe Architecture and Nakheel.

The property also broke records globally, claiming the title of the third costliest penthouse ever sold, following Penthouse D at London’s One Hyde Park priced at $237 million and the Odeon Tower Penthouse in Monaco valued at $440 million.

The most recent record-breaking penthouse sale in Dubai occurred just a few months ago, when an apartment on the top floor of the Marsa Al Arab Hotel sold for $114 million (AED420 million).

The upcoming Como Residences penthouse will feature an infinity pool that circles the entire 360-degree perimeter and provide unparalleled panoramic views of the Dubai skyline including landmark towers like Burj Al Arab and Burj Khalifa, the world’s tallest building, as well as the Dubai Marina area.

The record-breaking sale comes as Dubai’s luxury real estate market experiences an outstanding year, largely driven by high net-worth individuals relocating to the emirate and international investors increasingly eyeing the market.

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